EC extends Hungary’s VAT reverse charge mechanism for insolvency cases until 2026.

• The European Commission adopted a proposed decision to extend Hungary’s authorization for a special VAT measure
• The special measure applies the reverse charge mechanism to certain supplies exceeding 100,000 Hungarian forints
• The extension would last until Dec. 31, 2026, based on the measure’s positive impact, limited time, and narrow scope

Source: news.bloombergtax.com

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

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